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    Brief discussion on GST Consultancy to Government?

    Government has setup various Works Departments and Corporations for executing  infrastructure in the Country. Such Departments and Corporations outsource the construction work to different contractors through a bidding process. Construction contracts which were entered before 1st July, 2017, i.e. before the roll out of GST were entered into Contracts with tax clauses that were applicable in Pre-GST regime, i.e. Excise Duty, VAT, CST, etc. Now these taxes has been subsumed into GST. Due to this change the contractors are claiming for incremental taxes from Government Departments & Corporations. As the officials does not expertise in this field it is difficult for them to arrive at the correct claim. GST Suvidha is pioneer in this field, we have been working on this issue since the inception of GST. We provide our Consultancy to Government Departments & Corporations to tackle this issue and ensure that true and fair impact is paid to Contractors.

    GST law has also mandated Government Department and Corporation to file GST TDS return of payments made to contractors. Also, strict instructions from Commercial department are issued from time to time to ensure that GST is deposited by the contractor before making subsequent payments. Our team is having expertise in handling this compliance and to ensure that GST is deposited by the contractors on timely basis.

    How we can help?

    GST Suvidha is a pioneer in field of GST consultancy to Government construction department and corporations. We have helped State/Central Government Departments and Corporations to study in-detail the Impact arising on account of GST. We have helped them to save 1000 Crore’s of Government fund. We have been awarded by the Chief Minister of Bihar for the same.

    Usually the Government Departments and Corporation are huge in size and divided into various divisions/ units. We have also developed a Compliance software for filling of GST TDS and other returns. Our software can handle large no. of transactions.

    We have developed a system which ensure that the GST is paid by the contractor before the subsequent payment is made to contractor.

    GST Impact Assessment

    • Analysing the contract in individual cases for the impact of GST in the contract entered in the PRE-GST regime.
    • Drafting & Designing of Circular & Formats for admission of Contractors' claim, for escalation in Price or reduction as per Anti-Profiteering Clause.
    • In-depth study of the costing structure of goods & services used in the contract for pre GST & Post GST rates.
    • To analyse the extent of ITC available to Contractors in individual cases V/s non creditable taxes in the Pre-GST regime.
    • To recommend the total payment to be made to Contractors .
    • To check the authenticity of the documentation submitted by contractors.
    • To interact with Contractors for the issues raised by them and issuing advisory.
    • To Audit the claims of Contractors submitted i.e. verifying the authenticity by Auditing Vouchers & Contracts of Contractors w.r.t. the Contract awarded.

    GST Compliance

    • Conducting detailed trial balance / ledger review on quarterly basis to ensure that GST is being paid on all taxable supplies under forward charge as well as reverse charge mechanism;
    • Verifying the issuance of invoices, debit, credit notes, bill of supply and other documents and records maintained to check whether they are as per the GST Law.
    • To validate the monthly output liability of GST and claim of input tax credit, including exercise of matching of input tax credit, by verifying the bills submitted by Contractor .
    • To provide guidance and to review and verify the monthly / annual GST returns and file the vetted GST returns along with preparation of the annual reconciliation statements which is required to be submitted with the annual return;
    • Advising on all the matters (regarding GST Law, accounting, process, policy, system, software) to ensure GST compliance.
    • Assistance in all GST compliances including advisory proceedings / show cause notices/ demands and other proceedings as applicable initiated by appropriate authorities including drafting/ filing of replies, stay of demand and submissions and representation, pursuing, assisting and coordinating with GST authorities for getting refunds / settle demands.
    • Devising a strategy for availing maximum Input credit of IGST, CGST and SGST and applicability of Input Service Distributor.

    Services Provided by us

    GST CONSULTANCY ​

    We provide consultancy to Government Department/ Corporations for understanding GST Implications on various transactions and also helping them resolve queries related to GST.

    GST Impact Assessment

    On account of GST Roll-out many Construction Contracts has been impacted. We help Government Department/ Corporations to audit the claims of GST made by Contractors and to arrive at correct valuation.

    GST Compliance for DDOs

    We help in Filling TDS Returns of DDOs. We have expertise in handling large volume of data and divisions

    GST Compliance for Corporation

    We help in Filling GST Returns of Corporations considering applicable GST Provisions so as to ensure tax savings are maximised and penalties & interests are minimized.

    Why US?

    • The best in class service provider and guaranteed assurance of quality service.
    • Experienced team members & optimum infrastructure to provide hassle free service.
    • A proper organized and systematic way of working where everything is being done under Standard Operating Procedures.(SOP)
    • Not like other service providers who either offer only software or traditional way of providing service, we use combination of technology along with matching manpower.
    • On time availability of Staff and upto date information with respect to all services.
    • Trusted by hundreds of Big Government Construction Departments and Corporations.

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